Handi Riders INC EIN 46-0378036

Handi Riders INC FY2022 filing

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Provides horse-based therapy and programs to help people with challenges gain independence and well-being. For fiscal year 2022 it reported $217K in revenue, $241K in expenses, and $153K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Baltic, SD
Website
horsepowersf.com
Filings
5 on file (2020–2022)
Revenue
$217KFY2022
Expenses
$241K
Net assets
$153K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0378036 Public charity (501(c)(3)) Baltic, SD
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides horse-based therapy and programs to help people with challenges gain independence and well-being.
Leadership
Margaret Doom · Executive Di · $44K
Money in and out
$217K revenue, $241K expenses
Bottom line
73% program efficiency
Where the money goes · FY2022
Total revenue
$217K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$153K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.20 Fundraising $0.07
Program efficiency
73%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$217K
FY2022▼ -32%
Expenses
$241K
FY2022▼ -6%
Total assets
$175K
FY2022▼ -16%
Total liabilities
$22K
FY2022▼ -28%
Total revenue
$217K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$153K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$175K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $176K of program spending, described in the organization's own filed words · FY2022.
01

To provide therapeutic horsemanship programs for people of all ages with physical, emotional, and cognitive disabilities in the sioux falls regional area in the form of hippotherapy, therapeutic riding, and ground work.

$176Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHandi Riders INC
EINHdr · item D46-0378036
Principal addressHdr · item CBaltic, SD
WebsiteHdr · item Jhorsepowersf.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N69Z)
Ruling yearIRS BMFApr 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$43,782Pt VII · Sec A
Executive Di
$13,758Pt VII · Sec A
Director/Int
$2,340Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Eric Hartel’s $20K as Executive Di is at the 36th percentile of top reported officer pay among 1018 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Margaret Doom$43,782$60,875$64,583
Austin Keith$54,167$13,758
Eric Hartel$19,792$9,952
Teri Abel$2,340

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$104K · 48%
Program service revenue$86K · 40%
Other revenue$26K · 12%
Contributions & grants48%$104K
Program service revenue40%$86K
Other revenue12%$26K
Investment income$106
Total revenueLn 12$217K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.20 Fundraising $0.07
Program services73%$176K
Management & general20%$49K
Fundraising7%$16K
Total functional expensesLn 25$241K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$175K
Total liabilitiesLn 26$22K
Total net assetsLn 32$153K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $241K
3.7 months
Where the money goes
Program services
Program services $176K · Total expenses $241K
73%
Management & General
Management & general $49K · Total expenses $241K
20%
Fundraising
Fundraising $16K · Total expenses $241K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $148K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $104K · Total revenue $217K
48%
Government reliance
Government grants — · Total revenue $217K
Earned-income share
Program service revenue $86K · Total revenue $217K
40%
Investment reliance
Investment income $106 · Total revenue $217K
+0.05%
Program self-sufficiency
Program service revenue $86K · Total expenses $241K
36%
Growth & trend
Revenue growth (YoY)
This year $217K · Prior year $316K
-32%
Net-asset trend (YoY)
End of year $153K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $217K · Expenses $241K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $175K
Net-asset ratio
Net assets $153K · Total assets $175K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $175K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Margaret Doom · Reported title EXECUTIVE DI · Highest reported compensation $44K · Total expenses $241K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $133K · Total expenses $241K
55%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 20%
Fundraising cost ratio 15%
Revenue growth -32%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$70K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$233K revenue · ⤓ 990 PDF
FY2023$221K revenue · ⤓ 990 PDF
FY2022$217K revenue · viewing · ⤓ 990 PDF
FY2021$316K revenue · ⤓ 990 PDF
FY2020$229K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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